Circle, the issuer of the world's second-largest stablecoin USDC, completed its listing on the New York Stock Exchange at $31 per share, which is still priced again after a round of price adjustments, and its oversubscription is more than 25 times, which is really hard to find, and its valuation has reached a staggering $6.2 billion. As the world's first stablecoin to be listed, Circle is indeed out of the limelight this time. This strong momentum is undoubtedly inseparable from Langpu's pro-crypto policy and the recent successful advancement of the agenda of the stablecoin regulatory bill in the United States. It can be said that this is also an important step in the dollar globalization strategy of the United States, through compliance and listing to the son of Circle, continue to expand the credibility and influence of Circle in the world, greatly increase the share and competitiveness of USDC in the stablecoin market, and continue to transfuse blood for the U.S. bond market, which will ultimately further strengthen the dominance of the U.S. dollar.

Soon, you may see the continuous penetration of this USDC in international trade, international investment, international payment and settlement, finance and other fields, and the continuous improvement of its ecology, coupled with the correlation established by the rest of the US dollar, US bonds, and US stocks, and soon the US dollar will achieve a large cycle in the crypto world and the real world. Obviously, the clarion call for the United States to seize the opportunity has been sounded. This also reminds us that it is certainly not enough to plan to issue a Hong Kong dollar stablecoin, but it is still necessary to promote the research of offshore RMB stablecoins as soon as possible, keep an eye on the current trend, speed up the pace, and pilot the landing, otherwise it is easy to be stuck by the old United States and lose competitiveness, which is indeed worthy of high vigilance.